by The global Power MOSFET Market is estimated to be valued at US$ 8.06 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Power MOSFETs are used in many electronic devices like smartphones, laptops, electric vehicles etc. due to their high efficiency, fast switching speed and low power loss. They act as electronic switches that allow or block the flow of current in a circuit.
Market key trends:
One of the key trends driving the growth of the Power MOSFET market is the increasing adoption of AI and machine learning technologies. Many AI and autonomous applications require fast and efficient power switching solutions to handle voltage fluctuations. Power MOSFETs offer robust and reliable power management for such applications. They enable seamless integration of AI chips and modules in devices without compromising on performance or causing overheating issues. This is expected to significantly boost the demand for Power MOSFETs over the forecast period.
Segment Analysis
The Global Power MOSFET Market is segmented on the basis of product type, application, end-user industry, and region. Based on product type, the Power MOSFET market is segmented into Low Voltage Power MOSFET, Medium Voltage Power MOSFET, and High Voltage Power MOSFET. The low voltage power MOSFET segment dominates the market and accounted for largest market share in 2022. This is owing to wide usage of low voltage power MOSFET in various applications including consumer electronics, automotive, and communication as they require low operating voltage.
Key Takeaways
The global Power MOSFET market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand for battery-operated portable consumer electronics and electric vehicles. The market size for 2023 is US$ 8.06 Bn.
Regional analysis – Asia Pacific dominates the global Power MOSFET market and is expected to continue its dominance over the forecast period. This is attributed to presence of key players and growing electronics industry in countries such as China, Japan and South Korea.
Key players analysis – Key players operating in the Power MOSFET market are Toshiba Corporation, STMicroelectronics N.V., Renesas Electronics Corporation, Texas Instruments Incorporated, Infineon Technologies AG, NXP Semiconductors, Mitsubishi Electric Corporation, Digi-key Electronics, IXYS Corporation, and Power Integrations, Inc. Toshiba Corporation holds largest market share owing to its huge production capabilities and wide product portfolio.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
